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PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

November 19, 2024 No Comments

Prospect Ridge Resources Corp. (the ‘ Company ‘ or ‘ Prospect Ridge ‘) (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the results of its drilling campaign at the Copper Ridge Zone (‘ Copper Ridge ‘) of its wholly-owned Knauss Creek property located approximately 35 kilometres (km) northeast of Terrace, British Columbia .

Drill Program Highlights

The initial drilling campaign at Copper Ridge included a total of 2,229 metres (m) across 9 holes, and targeted surface anomalies covering an area over 1.5 km by 850 m identified during summer 2023 by prospecting. The drilling covered a 300 m by 300 m area in the western portion and 300 m by 150 m in the center portion of Copper Ridge.
Mineralized veins were regularly intersected in all holes with additional mineralization observed locally in fractures and the host rock. Three different 20-metre corridors (core length) of gold-silver and copper-gold-silver were identified.
During the 2023 field season, 80% of the outcrop samples collected were mineralized yielding results up to 78.9 grams per tonne (g/t) gold (Au), 4610 g/t silver (Ag) and 29.4 % copper (Cu) (see news release of February 21 ^st , 2024). The holes drilled during the 2024 program intersected similar mineralization down to 120 m depth along strike.

Chief Executive Officer, Michael Iverson , stated: ‘We are pleased to share the results from the first drilling campaign at Copper Ridge, which successfully intersected mineralized intervals that confirm the extension at depth of the veins sampled at surface during the 2023 field season. We were also pleasantly surprised to find mineralization in fractures and disseminated through the intrusive host rock between the veins which we seldom observe on surface due to the intensity of the weathering. This initial drilling shows a large mineralized system of which we’ve tested only a small portion and that remains open in all directions. The results and the geological information collected will be used to vectorize the plans for the next exploration season. With over $2.7M remaining in our treasury, we are well-positioned financially to continue advancing our projects in the year ahead.’

The best results are compiled in Table 1, while Figure 1 illustrates the drill hole locations in relation to the 2023 surface sampling program and the interpreted zones. Figure 2 illustrates a cross-section of the drill holes in the central portion of Copper Ridge.

Holes CR-24-001 and CR-24-002 targeted the westernmost portion of the zone where metal zonation was suspected based on the surface sampling results (see Figure 1). The Company hypothesized that a gold-silver area was followed to the north by a copper-gold-silver one. Hole CR-24-001 appears to have straddled both zones, intersecting an interval of 0.51 g/t Au and 1.7 g/t Ag over 20.5 m between 124.2 and 144.7 m along the hole and a further interval of 0.47 g/t Au, 34.3 g/t Ag and 0.40 % Cu over 2.0 m between 239.3 and 241.3 m . Hole CR-24-002 intersected regularly mineralized veins, which appear to be part of the gold-silver trend.

Holes CR-24-003, CR-24-004 and CR-24-005 targeted the surface anomaly cluster in the central portion of the Copper Ridge system where it was initially discovered. All three holes intersected a wide mineralized interval, interpreted as part of the same zone now referred to as the Green Manalishi. Hole CR-24-003 returned 0.39 g/t Au, 9.9 g/t Ag and 0.39 % Cu over 19.1 m ; CR-24-004 returned 0.18 g/t Au, 8.4 g/t Ag and 0.39 % Cu over 21.0 m ; and CR-24-005 returned 0.12 g/t Au, 3.3 g/t Ag and 0.19 %Cu over 22.7 m . Several additional mineralized intervals were intersected in all three holes suggesting another zone, GM2 (see Table 1) and demonstrating continuity of the structures. Surface samples can be correlated to those two zones.

Holes CR-24-006, CR-24-007 and CR-24-008 were drilled east of the previous holes and were testing the same cluster of anomalies, but also the continuity at depth of the Green Manalishi zone. This zone was intersected in all three holes: CR-24-006 returned 0.10 g/t Au, 2.7 g/t Ag and 0.11 %Cu over 6.7 m ; CR-24-007 intersected 5.44 g/t Au, 21.1 g/t Ag and 1.89 % Cu over 1.5 m ; and CR-24-008 returned 1.6 g/t Au, 6.1 g/t Ag and 0.17 % Cu over 4.7 m . Another zone, GM3, was interpreted in all three holes (see Table 1). Hole CR-24-008 which targeted rocks further north intersected alternating granodioritic intrusions, feldspar porphyry dikes and mudrocks. The presence of the sedimentary rocks suggests either an irregular contact with the intrusion, which is known to exist more to the east, or they are xenoliths. The sediments are locally mineralized, especially in silver, with also amounts of copper, gold and zinc.

The six Green Manalishi zone intercepts reveal a mineralized corridor that is oriented north-south and dips to the east. It primarily consists of chalcopyrite, but also of pyrite and malachite, found within quartz veins, fractures and disseminated in the host granodiorite. The GM2 and GM3 zones are believed to have a similar orientation as the Green Manalishi zone.

Hole CR-24-009 tested the western part of the same anomaly cluster and intersected 20.5 m at 0.05 g/t Au, 4.3 g/t Ag and 0.05% Cu, which correlate well with the location of the surface anomalies and are interpreted as the shallow expression of the GM2 zone.

This initial drilling campaign, generated entirely by Prospect Ridge from a surface discovery, has revealed a powerful gold-copper-silver mineralized system that remains open in all directions. The Company is developing a strategy for the next field season to further advance this target and apply the newly acquired knowledge to the mineralized showings to the rest of the property.

Figure 1: Map of the Copper Ridge system illustrating the location of all the drill holes and the interpreted zones. (CNW Group/Prospect Ridge Resources Corp.)

Figure 2: Cross-section of the central portion of Copper Ridge with three interpreted zones. (CNW Group/Prospect Ridge Resources Corp.)

Table 1: Best results of the drilling campaign on the Copper Ridge mineralized system.

Hole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Cu (%)	AuEq (g/t) ¹	ZONE
	87.0	87.8	0.8	0.144	16.9	0.20	0.522
	124.2	144.7	20.5	0.512	1.7	0.00	0.481
incl	138.0	143.2	5.2	1.413	1.0	0.00	1.283
	151.4	152.3	0.9	1.300	5.8	0.01	1.232
CR-24-001	214.0	220.0	6.0	0.040	3.5	0.11	0.198
	239.3	241.3	2.0	0.465	34.3	0.40	1.196
	265.6	267.0	1.4	0.100	12.9	0.07	0.293
	328.5	330.6	2.1	0.469	28.1	0.19	0.910
	347.3	348.3	1.0	0.370	32.6	0.16	0.824
CR-24-002	20.0	21.0	1.0	0.280	10.1	0.02	0.366
	276.8	281.5	4.7	0.190	4.8	0.00	0.221
	13.9	33.0	19.1	0.394	9.9	0.39	0.887	Green Manalishi
CR-24-003	76.0	90.0	14.0	0.097	21.9	0.14	0.455	GM2
	96.0	97.0	1.0	0.274	11.6	0.12	0.488
	101.0	102.0	1.0	0.199	7.7	0.11	0.379
	3.0	4.5	1.5	0.367	11.1	0.39	0.872
	12.0	33.0	21.0	0.179	8.4	0.39	0.686	Green Manalishi
incl	20.0	25.5	5.5	0.543	22.1	0.98	1.806	Green Manalishi
CR-24-004	76.3	88.0	11.7	0.016	2.8	0.02	0.065	GM2
	94.5	95.5	1.0	0.165	6.5	0.98	1.319
	118.5	119.5	1.0	0.552	23.6	0.07	0.806
	9.3	32.0	22.7	0.116	3.3	0.19	0.349	Green Manalishi
incl	20.7	25.3	4.6	0.420	6.3	0.46	0.957	Green Manalishi
CR-24-005	96.0	99.0	3.0	0.042	4.6	0.04	0.131	GM2
	140.0	141.5	1.5	0.079	13.9	0.04	0.253
	192.0	193.5	1.5	1.790	30.4	0.00	1.908
	24.0	28.2	4.2	0.031	1.7	0.10	0.152	GM3
CR-24-006	54.0	60.7	6.7	0.097	2.7	0.11	0.242	Green Manalishi
	98.5	100.0	1.5	0.279	12.8	0.03	0.404
	17.0	25.5	8.5	0.141	3.1	0.12	0.297	GM3
CR-24-007	47.7	49.3	1.6	0.161	9.3	0.16	0.417
	56.8	58.3	1.5	5.440	21.1	1.89	7.224	Green Manalishi
	66.7	68.0	1.3	0.048	8.5	0.24	0.394
	12.0	14.0	2.0	0.068	5.0	0.02	0.128
	37.0	44.0	7.0	0.038	12.2	0.02	0.168	GM3
CR-24-008	58.0	76.0	18.0	0.083	2.3	0.06	0.160	Green Manalishi
incl	71.3	76.0	4.7	0.159	6.1	0.17	0.389	Green Manalishi
	86.0	87.0	1.0	2.250	5.6	0.13	2.220
CR-24-009	6.0	26.5	20.5	0.053	4.3	0.05	0.144	GM2

1: Gold Equivalent values (AuEq) were calculated with a gold price of US$1,750/oz, silver at US$21/oz and copper at US$3.60/lbs. Metallurgical recoveries are assumed (no metallurgical testing have been made yet on the Copper ridge mineralization) to be of 90% for gold, 80% for silver and 80% for copper.

Table 2: Technical details of the holes drilled on the Copper Ridge mineralized system.

No Hole	UTM Nad83 Zone 9		Elevation (m)	Azimuth	Dip	Length (m)
No Hole	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
CR-24-001	539084	6071504	1910	320	-50	447
CR-24-002	539084	6071504	1910	270	-50	381
CR-24-003	539720	6071515	1847	270	-45	200
CR-24-004	539720	6071515	1847	250	-50	204
CR-24-005	539720	6071515	1847	230	-50	216
CR-24-006	539795	6071509	1826	270	-45	252
CR-24-007	539795	6071509	1826	242	-45	255
CR-24-008	539795	6071509	1826	305	-45	135
CR-24-009	539605	6071520	1851	275	-45	139

Cautionary Statement

Outcrop samples are selective by nature and grades may not be representative of mineralized zones. The drilling results reported are core length, true thickness of the mineralized zones has not yet been determined.

Quality Control

The drilling was conducted by Driftwood Diamond Drilling Ltd. The NQ caliber core was measured, photographed, logged and sampled by Prospect Ridge’s personnel. The holes were sampled from the start to the end.

Core samples were assayed for gold by standard 50 g fire-assaying with atomic absorption finish (Au-AA24), gravimetric finish (Au-GRA22) or 1000g metallic screening (Au_ SCR24 ) at ALS Canada in Terrace, British Columbia . The samples were also assayed for 36 metals from an aqua regia digestion with ICP-AES finish (ME-ICP41). For samples with over-limit results in silver, copper, lead and zinc, aqua regia with ICP finish was used (OG46 ore grade). A quality assurance/quality control program has been implemented and consists of inserting standards on a regular basis in the samples stream and blanks and sample duplicates in suspected mineralized zones.

Qualified Person

All scientific or technical information included in this news release has been reviewed, verified and approved by Yan Ducharme , P.Geo., President of the Company and a qualified person as defined by National Instrument 43-101. This news release was written by Yan Ducharme .

About Knauss Creek Property

The wholly-owned Knauss Creek is approximately 35 kilometres northeast of Terrace, British Columbia , Canada. It is easily accessible by Highway 16 and a network of logging roads. It covers approximately 30 square kilometres and is contiguous to the Company’s wholly-owned Holy Grail property.

Several gold, silver, copper, lead and zinc occurrences were discovered, previously. The most notable is the Dorreen mine where four adits were developed and, according to historical documents, approximately 700 tons of ore were mined out at an average grade of 16.8 g/t Au, 58 g/t Ag, 0.22% Cu, 2.1% Pb and 1.4% Zn from a quartz vein (not 43-101 compliant).

During the 2023 field season, the Company explored the Copper Ridge mineralized zone which has become the main focus for exploration on the property.

The southern tip of the Golden Triangle is located immediately northwest of Prospect Ridge’s properties. The Bowser Lake and the Hazelton Groups hosting most of the deposits and mines in this area also underly the Knauss Creek and Holy Grail properties.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge’s management and technical team cumulate over 100 years of mineral exploration experience and believe the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘ intends ‘ or ‘ anticipates’ , or variations of such words and phrases or statements that certain actions, events or results ‘ may’, ‘ could ‘, ‘ should ‘, ‘ would ‘ or ‘ occur ‘ . This information and these statements, referred to herein as ‘forward-looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, positive exploration results at the Knauss Creek and Holy Grail projects and the Company’s use of proceeds from the Private Placement. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Prospect Ridge Resources Corporation Logo (CNW Group/Prospect Ridge Resources Corp.)

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Nuclear Fuels Inc. to Attend the 50th Annual New Orleans Investment Conference

November 19, 2024 No Comments

Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) (‘Nuclear Fuels’ or the ‘Company’) is pleased to announce its participation at the upcoming New Orleans Investment Conference. Nuclear Fuels will give a corporate presentation at 6:00 pm CT on Friday, November 22nd at the Hilton New Orleans Riverside, in room Churchill B2, second floor.

About Nuclear Fuels Inc.

Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery (‘ISR’) amenable uranium projects towards production in the United States of America. Leveraging extensive proprietary historical databases and deep industry expertise, Nuclear Fuels is well-positioned in a sector poised for significant and sustained growth on the back of strong government support. Nuclear Fuels has consolidated the Kaycee Wyoming district under single-company control for the first time since the early 1980s. Currently executing its second drill program at the Kaycee Project, the Company aims to expand on historic resources across a 35-mile trend with over 430 miles of mapped roll-fronts. The Company’s strategic relationship with enCore Energy Corp., America’s Clean Energy Company, offers a mutually beneficial ‘pathway to production,’ with enCore retaining the right to back- in to 51% ownership in the flagship Kaycee Project in Wyoming’s prolific Powder River Basin.

About The New Orleans Investment Conference

The New Orleans Investment Conference is the one place where the world’s most sophisticated investors gather every year to discover new opportunities and strategies, exchange ideas, plan for the coming year and enjoy the camaraderie of like-minded individuals in America’s most fascinating and entertaining city.

For more information or to register for the 50th Annual New Orleans Investment Conference by clicking here.

For further information:
Gregory Huffman, Chief Executive Officer
P: 647-519-4447
E: info@nfuranium.com
W: www.nfuranium.com

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘expect’, ‘potential’, ‘believe’, ‘intend’ or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at www.sedar.com under the Company’s profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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Mawson Finland Limited Presents Downhole EMGeophysics: Multiple Deep Conductors Newly Identified at Rajapalot

November 19, 2024 No Comments

Mawson Finland Limited (‘Mawson’ or the ‘Company’) (TSXV:MFL) is pleased to announce results from downhole electro-magnetic ‘DHEM’ geophysical surveys conducted at the Rajapalot gold-cobalt project in Finland

Highlights:

Results and interpretation from downhole EM surveys found multiple deep conductors at Rajapalot

Several strong conductors are located down-dip/down-plunge of both the Palokas and South Palokas zones suggesting gold-cobalt mineralization continues with depth

Additional deep conductors located along-strike from the Palokas Zone, ~500 metres to the north-east

Five conductive targets identified within/nearby to inferred resource area and ready to be drill-tested in this up-coming 2025 winter drill-season

Ms. Noora Ahola, Mawson Finland CEO, states:‘We are very excited to report the results of our recent geophysics surveys at Rajapalot. We have identified several exciting targets in downhole EM surveys that suggest the gold-cobalt mineralization at Rajapalot continues with depth at Palokas and South Palokas, while further anomalies are also present in un-drilled areas close-by. We plan to conduct further EM geophysical studies at Rajapalot in the coming weeks in our lead-up to the 2025 winter drilling campaign, in addition to an approximate 600-hectare sub-audio magnetic ‘SAM’ ground-survey presently being carried out over our high-grade Rompas gold project located 6 kilometres east of Rajapalot. We look forward to presenting the results of these additional surveys prior to the initiation of our winter drilling campaign planned to begin in January 2025.’

Downhole EM Results

Electromagnetic techniques were first used in 2013 by Mawson at Rajapalot with a helicopter-borne VTEMplus survey indicating the conductive nature of areas subsequently discovered to be the Palokas, South Palokas, The Hut, Terry’s Hammer, Rumajärvi, Raja and Joki zones of gold-cobalt mineralization. Due to the close association of gold-cobalt mineralization with pyrrhotite accumulations at the known mineralized occurrences at the Rajapalot project, detection of these sulfide-bearing mineral-systems with EM geophysical methods is achievable due to their associative, highly-reactive EM properties.

In this downhole EM campaign, five EM-loops were set-out in order to measure conductivity responses in the vicinity of 8 selected drillholes to explore for further nearby gold-cobalt mineralized rock-bodies at Rajapalot (refer to map in Figure 1). Five of 8 drillholes, corresponding to 3-EM loops (loops 1-3), were located around the Palokas and South Palokas zones of gold-cobalt mineralization, while 1 drillhole (loop 4) was located 400 metres north-east of Palokas, and 2 drillholes (loop 5) located on the northern margin of the Raja zone (refer to Figure 1 for drillhole, and EM-loop locations/survey layout).

At South Palokas, 2 strong EM conductors were located ‘off-hole’ to both the north and south of drillhole PAL0367 (loop 3) at the presently defined base of gold-cobalt mineralization. South Palokas conductive body ‘A’ is found to the south of drillhole PAL0367, with the top of the conductor modelled at around -340mRL and continues for some 200 metres in the down-dip direction, while conductive body ‘B’ is located to the north of drillhole PAL0367, with its top modelled at -370mRL and continues for a further 110 metres in the down-dip direction (refer Table 1, and to 3-D projections in Figure 2 and Figure 3). These results strongly suggest that further gold-cobalt mineralization may be present at depth at South Palokas.

At Palokas, a strong EM-conductive body is interpreted on the lower, northern margin of the mineralized zone, extending down-dip from PAL0200 (loop 3), with the top of this conductor modelled at -129mRL, continuing a further 135 metres in the down-dip direction. This modelled conductor initially appears coincident with the lower portions of the deeper areas of the Palokas mineralized zone however, it is interpreted to be separated from the main Palokas mineralized zone. The anomaly isn’t readily explained by simply enlarging the presently known geometry of the Palokas mineralized system down-dip with a northerly plunge and as such, these results suggest an additional lens of gold-cobalt mineralization may exist beyond the known limits of mineralization in the deeper areas of the Palokas zone (refer Table 1, and to 3-D projections in Figure 2 and Figure 3).

Two further loops were set-out in the Palokas and South Palokas area in order to search for conductive rocks in between Palokas and South Palokas zones of mineralization (drillhole PAL0352; loop 1), and to search the footwall zone to Palokas in light of the recent discovery of ‘New Lens’ in the footwall area of South Palokas (drillholes PAL0072 and PAL0362; loop 2; refer to Figure 1). No conductive anomalies were observed in these areas beyond that of the signals detected from the known mineralized conductive bodies of both Palokas and South Palokas.

North-east of Palokas, approximately 400 metres along-strike, a further drillhole, PAL0073 (loop 4), was used to measure for the presence of deep conductive anomalies in the vicinity of this drillhole. A strongly conductive, 150m by 150m sized EM anomaly was modelled ‘off-hole’ to the north of PAL0073, approximately 220 metres below surface at the -50mRL (refer to Table 1, Figure 1, and 3D EM-plate model in Figure 4). These data suggest the presence of a potentially mineralized rock-system located approximately 450 to 600 metres along-strike, to the north-east of the Palokas zone.

A final loop was set-out in the Raja area, using drillholes PAL0171 and PAL0355 (loop 5; see figure 1). A smaller, 70m by 110m sized, ‘off-hole’ conductive anomaly was measured on the mid-northern margin of the Raja zone of gold-cobalt mineralization. Modelling of the conductive anomaly places a plate-anomaly in the footwall of the Raja zone of mineralization, only 30 metres below the known zone by approximately (refer to Figure 5). While this general area has received some drilling previously, no drilling has penetrated the specific area defined in the modelled EM plate, and as such presents a very compelling drill-target.

Geophysical Survey Parameters

The downhole EM (DHEM) survey was conducted by Finnish geophysics provider Geovisor Oy from Rovaniemi, using a Zonge ZT-30 transmitter system. The acquisition was measured using the EMIT Smartem24 receiver system with EMIT DHEM Digiatlantis probe that measures the decaying magnetic field with three orthogonal Fluxgate magnetometer sensors producing along hole (A-component), and two perpendicular components (namely U and V- components). For each loop configuration, the base frequency was tested, and the base frequency was altered from 0.25 Hz to 1 Hz. The EM response was stacked over 32,128 EM pulses depending on the base frequency and the observed signal strength. The used time windows scheme was SMARTem standard containing 39 to 43 time channels depending on the base frequency. All the holes were measured in one piece from the collar with surveys having 10 metre reading intervals. The modelling was done using Maxwell software, using plate models. All maps have been created within the KKJ3/Finland Uniform Coordinate System (EPSG:2393).

Technical Background

At Rajapalot, all examples of gold-cobalt mineralization are consistently located within highly-sheared and foliated wall-rocks adjacent to strongly hydrothermally altered, northwest to north dipping shear-zones. Mineralization is typically encountered as disseminated to semi-massive sulfide lenses (predominantly pyrrhotite and lesser pyrite ± cobaltite), hosted within strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Peräpohja Greenstone Belt. Prospects with high-grade gold and cobalt mineralization at Rajapalot occur across a 3 km (east-west) by 2 km (north-south) area within the larger Rajapalot project area measuring 4 km by 4 km with multiple mineralized boulders, base-of-till (BOT). Gold-Cobalt mineralization at Rajapalot has been drilled to approximately 470 metres below surface at both South Palokas and Raja prospects, and mineralization remains open at depth across the entire project.

Qualified Person

The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and Member of The Australian Institute of Geosciences (MAIG, Membership No. 8838). Dr. Fromhold is a ‘qualified person’ as defined under NI 43-101. Dr. Fromhold is not considered independent of the Company under NI 43-101 as he is a consultant of the Company.

About Mawson Finland Limited

Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland. The Company is primarily focused on gold and cobalt. The Corporation currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland. The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and 2 exploration permit applications and a reservation notification area for a combined total of 40,496 hectares. In Finland, all operations are carried out through the Company’s fully owned subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot.

Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at mawsonfinland.com or on SEDAR+ at www.sedarplus.ca.

Media and Investor Relations Inquiries

Please contact: Neil MacRae Executive Chairman at neil@mawsonfinland.com or +1 (778) 999-4653, or Noora Ahola Chief Executive Officer at nahola@mawson.fi or +358 (505) 213-515.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has reviewed or approved of the contents of this news release.

Forward-looking Information

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable securities laws (collectively, ‘forward-looking information’) which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘aims’, ‘may’, ‘could’, ‘would’, ‘will’, ‘must’ or ‘plan’. Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the PEA and the exploration information disclosed in this news release, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, any expected milestone independent data verification, the continuance of the Company’s quality assurance and quality control program, potential mineralization whether peripheral to the existing Rajapalot resource or elsewhere, any anticipated disclosure of assay or other exploration results and the timing thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, the growth potential of the Rajapalot resource, all values, estimates and expectations drawn from or based upon the PEA, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SCHEDULE ‘A’ – TABLES AND FIGURES

Figure 1: Locality map illustrating the drillhole, loop and interpreted conductors (modelled EM plates) of the DHEM geophysics campaign at Rajapalot. Background graphics is a TMI-image from a ground-based, 50 metre line-spacing magnetic survey.

Loop	Conductor	Drillhole	Conductivity-thickness (s)	Dimensions (Strike x Dip)	Dip/Dip-direction	Depth to top (mRL)
Loop 1	NA	PAL0352	–	–	–	–
Loop 2	NA	PAL0072, PAL0362	–	–	–	–
Loop 3	South Palokas Deep ‘A’	PAL0367	100	130m x 200m	48/333	-340m
Loop 3	South Palokas Deep ‘B’	PAL0367	110	120m x 110m	17/314	-370m
Loop 3	Palokas Deep	PAL0200	160	100m x 135m	34/330	-129m
Loop 4	Hirvimaa	PAL0073	150	150m x 150m	12/103	-50m
Loop 5	Raja Footwall	PAL0171, PAL0355	80	70m x 110m	44/326	-125m

Table 1: Results from the DHEM survey, with anomaly names and areas listed, their conductance, size, orientation and depth below surface (surface level across survey area is between ~+165m – +175mRL).

Figure 2: ‘Maxwell’ 3D image of various interpreted and modelled conductive EM plates around the Palokas and South Palokas zones of gold-cobalt mineralisation. Strong, deep conductors are seen extending down-dip from both the Palokas (purple) and South Palokas (red) systems.

Figure 3: Long-section projection of the Palokas and South Palokas mineralized zones illustrating drill-intercepts, and results of the PAL0200-PAL0367 Loop 3 DHEM survey. Pink boxes are modelled plates projected onto the drilling long-section, demonstrating their vertical positions relative to extents of current drilling data. Red arrows demonstrate approximate direction of the geometry of the modelled conductive plates.

Figure 4: ‘Maxwell’ 3D image of various interpreted and modelled conductive EM plates around the Hirvimaa area, located 400 metres to the north-east of the Palokas zone. A strong, deep, ‘off-hole’ conductor is found extending northwards from drillhole PAL0073. Shallow ‘in-hole’ conductors are also found however, these represent the occurrence of un-mineralized, but heavily conductive pyrrhotite-bearing graphitic rock-units.

Figure 5: ‘Maxwell’ 3D image of interpreted and modelled conductive EM plates around the Raja zone of gold-cobalt mineralization. The Raja zone of mineralization is modelled with the larger red EM-plate, while a weaker and smaller ‘off-hole’ conductor (pink plate) is found 30 metres into the footwall below the Raja zone.

SOURCE: Mawson Finland Limited

View the original press release on accesswire.com

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Russia Restricts US Uranium Exports, Retaliating to American Ban

November 19, 2024 No Comments

The Russian government has imposed temporary restrictions on enriched uranium exports to the US.

Announced on November 15, the move follows the US’ decision toban imports of Russian uranium.

While the US legislation went into effect in August, it allows for waivers to address potential supply disruptions through 2027. The new Russian policy introduces uncertainty during this time period.

According to the US Energy Information Administration, Russia provided 27 percent of the enriched uranium used in American reactors in 2023. Globally, the country accounts for about 44 percent of enrichment capacity.

To illustrate, Urenco — a consortium-owned company operating the only US-based enrichment facility in New Mexico — supplies only about one-third of the country’s enriched uranium.

While the restrictions from Russia don’t leave the US without recourse, as utilities typically secure uranium supply years in advance, analysts are warning that continued restrictions could pose challenges from 2025 onward.

Market responses to the news were swift. Cameco (TSX:CCO,NYSE:CCJ), a leading uranium producer, emphasized in a statement to Bloomberg the need for coordinated western action to reduce reliance on Russian nuclear fuel.

Shares of uranium companies reflected the heightened supply concerns, with Cameco’s share price jumping as much as 6.5 percent on the TSX on November 15. US-based uranium firms such as Uranium Energy (NYSEAMERICAN:UEC) and Ur-Energy (TSX:URE,NYSEAMERICAN:URG) also experienced upticks that day.

Meanwhile, shares of Centrus Energy (NYSEAMERICAN:LEU), the biggest US trader of Russian enriched uranium, fell by close to 9 percent on November 15 as investors weighed the potential impacts of the restrictions.

The company said it had not received details surrounding Russia’s decree and was assessing the implications.

Centrus also noted that it has contingency plans to mitigate near-term impacts should Russia’s state-owned uranium supplier, Tenex, face challenges fulfilling existing agreements. Centrus is one company that has received a waiver from the Biden administration to continue importing Russian uranium despite the US ban.

Constellation Energy (NASDAQ:CEG) has also received a waiver, and other requests are reportedly pending.

Russia’s actions come amid broader geopolitical tensions and follow President Vladimir Putin’s earlier call for the country to consider restricting exports of uranium, titanium and nickel in response to western sanctions.

At the same time, the US government has been actively working to rebuild its uranium enrichment capabilities. A multibillion-dollar initiative to expand these operations is underway, but progress has been slow.

Overall, the US is currently looking triple its nuclear capacity by 2050, with plans to add 200 gigawatts of new nuclear energy through reactor builds, reactivations and upgrades to existing facilities.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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How to Invest in Chromium Stocks (Updated 2024)

November 19, 2024 No Comments

Chromium is a metal for the modern age with a bright future.

It is one of the more durable metals available, and is an integral component of stainless steel, which is used in infrastructure and machinery and supports construction activity around the world. The United States Geological Survey (USGS) estimates that most stainless steel contains roughly 18 percent chromium.

Although it’s not as well known as some metals, chromium can be a compelling investment opportunity. To help those interested in the space, we’ve put together a brief guide on chromium, its supply and demand dynamics, as well as how to start investing in this industrial metal.

What is chromium?

Chromium is a hard, silvery metal that has a high resistance to heat, corrosion and decomposition. It can be highly polished and reflects much of the visible light spectrum. In fact, the name chromium comes from the Greek word for color. Chromium’s symbol on the periodic table of elements is Cr.

Not found on its own as a free metal, chromium exists in nature in a variety of minerals, including chromite, which is mined as the primary source of chromium and ferrochrome for industrial purposes.

Chromite is a crystalline mineral composed primarily of iron oxide and chromium oxide compounds. It is found in polymetallic ore deposits, typically along with magnesium, aluminum and silica. Producing chromium metal from this ore is achieved via either electrolysis or a thermal reduction process known as the aluminothermic process.

What is chromium used for?

The vast majority of chromium is used in metallurgical applications, mostly for the stainless steel sector, and it is also used for a number of applications in the chemical industries, including tanning, printing, dyeing, medicine, fuel, catalysts and oxidants.

Ferrochrome, a ferroalloy that includes iron and chromium, is added to stainless steel to harden it, and improve its corrosion resistance and appearance, which makes it especially useful in the construction, transportation and automotive industries. In the automotive industry, chromium is involved in the production of car brake pads as well as in decorative trim.

Chromium alloys are also used in the aerospace, defense, and electronics sectors. In the aerospace industry, the metal is used for protecting engine parts, landing gear, and hydraulic systems. In the defense sector, chromium is an ideal material for tanks and armored vehicles. Circuit boards are a major application for chromium in the electronics industry.

Chromium’s chemical applications use different chromium oxides that have their own unique qualities.

Chromium supply and demand trends

Much of the supply and demand trends in the chromium market are dictated by the health of the stainless steel industry. In fact, Precedence Research forecasts that the global chromium market will experience a 5.5 percent compound annual growth rate between 2024 and 2034 to reach a value of US$40.84 billion.

The firm predicts the biggest driver will be an increase in demand for stainless steel in a broad range of sectors. Looking at applications for chromium, the metallurgical segment represented 92 percent of revenue share for 2023. As for market share by material, ferrochromium represented 32 percent of the market share in 2023.

Asia Pacific garnered 50 percent of the market share in this space for the year. Precedence Research credits this to China and India’s significant growth in its industrial, infrastructure and manufacturing sectors.

“The widespread application of chromium in producing stainless steel for construction and automotive sectors, along with the rising demand for electronics, contributes to the region’s market dominance,” the research firm’s analysts stated. “Furthermore, Asia-Pacific’s pivotal role as a global manufacturing hub, fueled by economic development and urbanization, underscores its significant influence in shaping the chromium market landscape.”

In terms of supply, the majority of the world’s chromium production originates as a by-product from polymetallic mining operations in South Africa, Turkey and Kazakhstan. According to the US Geological Survey, South Africa is the top chromite producing country, with an output of 18 million metric tons of chromite in 2023, beating out the rest of the world’s chromite producers by a wide margin.

Interestingly, South Africa used to be the world’s largest producer of ferrochrome as well. However, it lost that title in 2012 to China due to power supply constraints, as chromium production requires a lot of energy. More recently, disruptions to South Africa’s electricity supply on top of rail transportation challenges contributed to a decrease of 6 percent in total chromite production compared to 2022 production levels.

Business Research Insights sees the limited availability of high-quality chromite and chrome ore reserves coupled with increasingly stringent environmental regulations over mining activities as the greatest hindrance to growth on the supply side of this market.

How to invest in chromium stocks

Chromium investing can be challenging, as there are few pure play investment choices. Many investors interested in this market choose to buy shares of publicly traded chromium companies engaged in chromite exploration and production.

Major chromite miners

Anglo American Platinum (OTC Pink:AGPPF,JSE:AMS)
Anglo American Platinum is a subsidiary of British miner Anglo American (LSE:AAL), which controls a diverse resource portfolio that includes economically important commodities such as copper, diamonds, platinum and iron ore. Anglo American Platinum owns three operating platinum group metals (PGM) mines in South Africa with chromite recovery plants on site: Amandelbult, Modikwa and Motololo.

Glencore (LSE:GLEN,OTC Pink:GLCNF)
Glencore is the world’s largest publicly traded chromite producer, and its Bushveld Complex in South Africa is responsible for much of the country’s output of the metal. Glencore also produces chromium products down the value chain via smelter. Its ferrochrome production for 2023 came in at 1.16 million metric tons.

Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP)
Impala Platinum Holdings, commonly called Implats, is another PGM producer with significant chromite production. The company holds a 46 percent stake in the Two Rivers mine in South Africa.

Outokumpu (FWB:OUTA)
Outokumpu is a global stainless steel manufacturer which owns the Kemi mine, Finland’s major chromium-producing operation. According to mining database MDO, Kemi is the only chrome mine in the European Union, and it’s set to become the first carbon-neutral mine in the world by 2025.

Tata Steel (NSE:TATASTEEL,BSE:500470)
Tata Steel is a multinational steel manufacturer based in India. The company has a ferroalloys and minerals division that includes its brand Tata Tiscrome. It also owns raw materials operations, including the Sukinda and Saruabil chromite mines in its home country.

Junior chromite miners

KWG Resources (CSE:CACR,CSE:CACR.A)
KWG Resources, which does business as the Canadian Chrome Company, is an exploration stage company with a focus on chromite assets in the Ring of Fire region of Northern Ontario, Canada. These include the Black Horse and Big Daddy projects.

Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF)
Canada Nickel Company is advancing on its wholly owned flagship Crawford nickel-cobalt sulphide project located in the Timmins-Cochrane mining camp of Ontario, a hotbed for chromium in North America. The company plans to establish a stainless steel and alloy production facility to process the nickel-chromium magnetite concentrate from the Crawford nickel project to produce alloy products for the stainless steel market.

Future Metals (ASX:FME,LSE:FME)
Future Metals is an exploration company that is advancing its wholly owned Panton PGM-nickel-chromite project in Western Australia. The company plans to produce a PGM concentrate and a chromite concentrate from the site.

Panton has a JORC-compliant mineral resource estimate of 92.9 million metric tons at 1.5 grams per metric ton PGMs, 0.2 percent nickel and 2.7 percent chromium oxide for contained metal totaling 2.16 million ounces palladium, 1.95 million ounces platinum, 185,000 metric tons nickel and 2.8 million metric tons chromium oxide.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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John Feneck: Why Gold is Down, 10+ Mining Stocks on My Radar Now

November 19, 2024 No Comments

John Feneck, portfolio manager and consultant at Feneck Consulting, shared his thoughts on gold’s post-US election price drop, saying it doesn’t mean the metal won’t thrive once Donald Trump takes office again.

Feneck also gave updates on mining stocks he’s watching right now.

On the gold side, he mentioned companies such as US Gold (NASDAQ:USAU), Badlands Resources (TSXV:BLDS,OTC Pink:BDLNF) and Inflection Resources (CSE:AUCU,OTCQB:AUCUF), which also has a copper component.

Aside from that, Feneck discussed ‘special situations,’ mentioning Guardian Metal Resources (LSE:GMET,OTCQX:GMTLF) and Angkor Resources (TSXV:ANK,OTCQB:ANKOF). The former is exploring for tungsten, while the latter is focused on gold and copper, but also produces oil, an angle Feneck said should be compelling under Trump.

Overall, he remains bullish not just on gold, but also on gold-focused companies.

‘I would just say don’t just own gold,’ Feneck said in closing. ‘If you own gold and you’re watching this, you have to own gold stocks. If you believe in the metal, you have to believe in some of these companies that are finding the metal.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Australian Ethics Committee Approval to Expand PD-L1 Nanobody (RAD204) Phase 1 Trial in Multiple Tumor Types

November 19, 2024 No Comments

Radiopharm Theranostics (ASX:RAD, “Radiopharm” or the “Company”), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, is pleased to announce it has been granted Human Research Ethics Committee (HREC) approval to include participants with Programmed Death-Ligand 1 (PD-L1) positive Small Cell Lung Cancer (SCLC), Triple Negative Breast Cancer (TNBC), Melanoma, Head and Neck Cancer (HNSCC), and Endometrial Cancer, as part of its ongoing Phase 1 clinical trial of ¹⁷⁷Lu-labelled RAD204 for the treatment of PD-L1 expressing cancers.

The Human Research Ethics Committee (HREC) in Australia has approved the inclusion of five additional PD-L1 expressing solid tumors, beyond Non Small Cell Lung Cancer (NSCLC), for a Phase 1 therapeutic trial of RAD204.
16 patients previously dosed in a Phase 1 diagnostic study demonstrated safety and biodistribution, validating the potential of 177Lu-RAD204 for the treatment of advanced PD-L1 expressing cancers.

The open-label Phase 1 trial, entitled “Phase 0/1 Study of the Safety and Tolerability of 177Lu- RAD204, a Lutetium-177 Radiolabelled Single Domain Antibody Against Programmed Cell Death- Ligand 1 in Patients with Metastatic Solid Tumours”, is a First-In-Human dose escalation trial of 177Lu- RAD2041, and is designed to evaluate the safety and preliminary clinical activity of this novel radiotherapeutic in eligible individuals with PD-L1 expressing advanced cancers.

The trial is currently ongoing and recruiting at four sites across New South Wales, South Australia and Western Australia, with the support of leading oncology care provider GenesisCare CRO.

RAD204 is a single-domain monoclonal antibody (sdAb) that targets PD-L1, a protein that helps control the immune system and is overexpressed in many solid cancers, making it an attractive therapeutic target in tumor types that include NSCLC, SCLC, TNBC, Cutaneous Melanoma, HNSCC, and Endometrial Cancer². Previously published³ Phase I imaging data of 16 NSCLC patients with RAD204 have demonstrated that the diagnostic compound is safe and is associated with acceptable dosimetry. Tumor targeting with radioimmunotherapies such as ¹⁷⁷Lu-RAD204 has the potential to address resistance mechanisms to current standard-of-care treatment options⁴.

“The implications of including additional PD-L1 expressing tumor types beyond NSCLC in this study is far-reaching,” said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. “Patients with five additional PD-L1 expressing tumor types are now eligible for this basket trial, supporting the potential of 177Lu-RAD204 for a tumor-agnostic indication and as an effective radioimmunotherapy based on a pan-tumor predictive biomarker. With RAD204, we hope to provide an alternative strategy that can improve clinical outcomes for patients with PD-L1 positive advanced cancers, while potentially preserving their quality of life.”

About Radiopharm Theranostics

Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm has been listed on ASX (RAD) since November 2021. The company has a pipeline of six distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer, in pre-clinical and clinical stages of development from some of the world’s leading universities and institutes. The pipeline has been built based on the potential to be first-to-market or best-in-class. The clinical program includes one Phase II and three Phase I trials in a variety of solid tumour cancers including breast, kidney and brain. Learn more at radiopharmtheranostics.com.

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Jindalee Lithium Limited (ASX: JLL) – Reinstatement to Quotation

November 19, 2024 No Comments

Description

The suspension of trading in the securities of Jindalee Lithium Limited (‘JLL’) will be lifted immediately following the release by JLL of an announcement regarding a prefeasibility study and the receipt of a response to an ASX price query.

Issued by

ASX Compliance

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McDermitt PFS Demonstrates Multi-Decade Competitive Source of US Lithium Carbonate

November 19, 2024 No Comments

Jindalee Lithium Limited (Jindalee, the Company; ASX: JLL, OCTQX: JNDAF) is pleased to advise that its recently completed Pre-Feasibility Study (PFS), on the Company’s 100% owned McDermitt Lithium Project (currently the largest lithium Resource in the USA) (McDermitt or the Project), has demonstrated strong economic returns over an initial project life in excess of 40 yearsⁱ

Highlights include:

Lithium Carbonate Production: Forecast production of 1.8 million tonnes battery grade Lithium Carbonate over first 40 yearsⁱ, supporting the growing US battery supply chain

Note: PFS price assumption for lithium carbonate is based on long term incentive priceiv which exceeds current Chinese spot price^xiii

Generational Project with Life in Excess of 40 years: The PFS processing schedule (Processing Schedule) supports a 63 year production life, however the production target and forecast financial information excludes any production post 40 yearsⁱ
Processing Studies and Capital Estimate prepared by Fluor Corporation (Fluor)^viii: US$3.02B capital estimate, including 21%^ix contingency, prepared by Fluor – a leading US and global engineering and construction company with deep experience in US sedimentary lithium projects
Maiden Probable Ore Reserve (JORC 2012) of 251Mt @ 1,751ppm lithium, containing 2.34Mt of Lithium Carbonate Equivalent (LCE)^xiv, accounts for 79%^xv of forecast production in the PFS Processing Schedule but represents only ~10% of current Mineral Resource on a contained LCE basis, highlighting future optionality
Cost Reduction and Sustainability: Opportunities for cost reduction and enhanced sustainability outcomes through the recently announced strategic agreement with the US Department of Energy^xvi
Potential Partnerships: PFS completion allows for deeper engagement with a broader pool of potential strategic funding partners as well as the US Government agencies, which continue to actively support domestic US critical minerals production

Jindalee’s CEO Ian Rodger Commented:

The completion of this PFS is a pivotal milestone for Jindalee and our wholly owned McDermitt Lithium Project, underscoring McDermitt’s strategic potential as a large-scale, long-life competitive source of “American-made” lithium chemicals for the US battery supply chain.

Among the study’s key achievements is the successful bench-scale test work, which validated our flowsheet and confirmed the production of battery-grade lithium carbonate with high recovery rates. While the PFS demonstrates McDermitt’s compelling value, we remain committed to further enhancing cost efficiency and sustainability as we responsibly advance the Project, delivering value for all stakeholders.

We are excited by the recent finalisation of Section 45X tax credit regulations under the Inflation Reduction Act, which represents a significant shift in support for domestic lithium projects. By expanding eligible costs specifically for integrated mining and refining operations—those producing a finished critical mineral product like lithium carbonate—the policy now more effectively targets projects like McDermitt, which is designed to produce battery-grade lithium chemicals domestically. This alignment with US energy security goals reflects a commitment to reducing dependency on foreign suppliers by incentivising long-life, fully integrated supply chain solutions within the US.

The completion of the PFS delivers, for the first time, the production metrics and cost estimates needed to engage meaningfully with potential strategic partners, accelerating discussions with a solid technical and financial foundation. It also provides a catalyst for re-engaging with US government agencies on potential future funding, building on our current Department of Defense grant application, which could co-fund the next phase of development.

Jindalee has an exciting 12 months ahead as we advance our Exploration Plan of Operations, targeted for mid- CY2025. This will enable a significant infill drilling campaign to inform a future feasibility study and associated test work. With a robust PFS and encouraging early interest from prospective partners, we look forward to building on this momentum as we evaluate the next steps for McDermitt.

I extend my sincere thanks to the Jindalee team and our consulting partners, Fluor Corporation and Cube Consulting, whose expertise was instrumental in delivering the PFS.”

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How to Invest in Chromium Stocks

November 19, 2024 No Comments

Chromium is a metal for the modern age with a bright future.

It is one of the more durable metals available, and is an integral component of stainless steel, which is used in infrastructure and machinery and supports construction activity around the world. The United States Geological Survey (USGS) estimates that most stainless steel contains roughly 18 percent chromium.

Although it’s not as well known as some metals, chromium can be a compelling investment opportunity. To help those interested in the space, we’ve put together a brief guide on chromium, its supply and demand dynamics, as well as how to start investing in this industrial metal.